Invesco Real Estate has promoted long-standing managers Cristiano Stampa and David Kellett to two new senior positions in Europe, as the company seeks to grow and build market shares in hotels, residential and the living sectors.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
